Business
PBF Energy Provides Update on Martinez Refinery Operations and Issues 2026 Annual Guidance Information
PBF Energy Inc. (NYSE: PBF) announced today that rebuild activities at its 157,000 barrel per day Martinez, California refinery following the February 1, 2025 fire are now expected to progress into February. PBF expects to achieve planned operating rates by the beginning of March 2026. PBF previously projected a year-end 2025 restart. Since early in the second quarter of 2025, the Martinez refinery has been operating in the 85,000 to 105,000 barrel per day range. Currently, the commissioning pha
About this update from Pbf Energy Inc.
[{"type":"text","content":"PARSIPPANY, N.J., Jan. 2, 2026 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that rebuild activities at its 157,000 barrel per day Martinez, California refinery following the February 1, 2025 fire are now expected to progress into February. PBF expects to achieve planned operating rates by the beginning of March 2026. PBF previously projected a year-end 2025 restart. Since early in the second quarter of 2025, the Martinez refinery has been operating in the 85,000 to 105,000 barrel per day range. Currently, the commissioning phase of utility systems and certain idled equipment has commenced, and a phased restart of the refinery will progress as work is completed, and the quality assurance and control process is completed.","length":744,"tagName":"p"},{"type":"image","alt":"PBF Energy (PRNewsfoto/PBF Energy Inc.)","displaySize":"","headline":null,"caption":"PBF Energy (PRNewsfoto/PBF Energy Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":321,"url":"https://media.zenfs.com/en/prnewswire.com/9f2e1b81078f4ba13406c4f8193b1b00"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lWqDe3c0xP2Obur9Y9Uutg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTU2NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9f2e1b81078f4ba13406c4f8193b1b00","width":400,"height":321}},"href":"https://mma.prnewswire.com/media/2303474/PBF_R_Blu_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Matt Lucey, PBF's President and Chief Executive Officer commented, "We are committed to the safe restoration of full operations at our Martinez refinery. Tremendous effort has gone into getting us to this point, weeks away from completing the project. Our employees, rallied behind our facility and are working tirelessly to safely finalize the repairs." Mr. Lucey continued, "I would also like to acknowledge the support of our local community, Contra Costa County regulators and the Bay Area Air District, for their efforts in getting the Martinez refinery back to a position where we can more fully contribute to satisfying California's demand for our products."","length":693,"tagName":"p"},{"type":"text","content":"As previously disclosed, the company expects the fire-related cost of restoring the refinery to full operational status will largely be covered by insurance, subje...